1. Today the BTC transaction volume is relatively large. Price after adjustment of around $18,000 then quickly increased and is currently traded around the price $18,850. Pin the candle today to create very beautiful legs drawn candles 1. The rising expectations of investors. The increased trading volume and price increases means investors still expect increasing momentum so the Organizer.
2. on the chart with Daily trends BTC are still being supported very strong increase. However, the Histogram of the MACD and MFI are currently forecasting adjusted marks.
3. on the 4-hour chart, the ORGANIZERS still hovers in the blue uptrend channel. The price broke the trendline and currently tend to fall on the border of the trend channel.
4. Stoch are adjustable alarm
5. The MACD line intersect comes down and Histogram are located below the 0 tells us that the trend on the frame of 4 hours of BTC are in range adjustments.
6. MFI 46 demonstrates that investors have to discharge the goods relatively much today.
7. Main ADX, DI + and DI-are verticillastrate and all are under 20. This makes the ORGANIZERS go sideway (walked).
8. Bollinger is shrinking and prices currently fluctuate on Bollinger between. So, the current trend is still in the uptrend. The BTC just closed under Bollinger of the H4 is very likely the price will keep rising.
9. On the H4 chart, we see that the uptrend is still stable when the top-and bottom-higher bottom higher. The event ORGANIZER has the candle closed below $18,000 will form the downward trend in major uptrend.
10. The ORGANIZER is still located on the cloud combined with Kumo Tenkan-Kijun-sen is located on Lotus plus the Chikou span-located on the price. This is still supported for the BTC increased momentum in the present time.
11. On the H1 Kumo red cloud had appeared. Chikou span are located under the road-reviews this are creating pressure down to BTC.
12. The present chart H1 is appearing 2 cases:
-Case 1: BTC did not break the top $19,175 will form a wave B and C will target of around $17,300 and beyond can at $16,100.
-The case of BTC break top $19,175 will form the model 2 bottom and least goals will increase to $20,300.
II. LEVEL OF SUPPORT AND RESISTANCE
1. Level of support
-The critical support level: $17,800-$17,300-$ 16,500-$16,000-$14,400.
2. Resistance levels
-The critical resistance level: $19,400-$20,300-$21,000-$22,900.
III. CONCLUSION
BTC is currently in trend adjustment before continuing to rise sharply in the coming time. The most beautiful tune the target is below the trend channel around $17,300 and lower at $16,500. Case break the uptrend channel I will analyze later.
IV. STRATEGIES
Analyze this day to your reference and navigation for everyone's own transactions.
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